Social Security and Medicare are NOT going broke, my friends.
This doesn't mean there aren't issues to contend with but please, for the love of all that is good, do not fall into the trap that you shouldn't use Social Security in your planning.
Now, with that said, I will not be shocked in the least if you pay more in taxes for your benefits, or even worse, more taxes ON your benefits.
In fact, buried well in the Trustees report that say they say "An increasing fraction of all earnings will be subject to the higher tax rate over time because the thresholds are not indexed. By 2092, an estimated 79 percent of workers would pay the higher rate."
Hmmmm....a tax that is NOT indexed for inflation. Ever heard that before?
Of course you have! Social Security taxation of benefits.
So, prepare accordingly.
https://www.ssa.gov/oact/trsum/
=================================
GET ALL MY LATEST BLOGPOSTS:
https://heritagewealthplanning.com
If you like what you see, a thumbs up helps A LOT. It tells YouTube that people are engaged and so the Youtube algorithm will show the vide to others who may be interested in the content. So, give me a thumbs up, please!
Don't forget to SUBSCRIBE by clicking here: https://www.youtube.com/channel/UCSEzy4i9xrKPoaU9z0_XbmA?sub_confirmation=1
Contact me: Josh@heritagewealthplanning.com
GET MY BOOKS:
Both are FREE to Kindle UnlimitedSubscribers!
The Tax Bomb In Your Retirement Accounts: How The RothIRA Can Help You Avoid It
https://amzn.to/2LHwQpt
Strategic Money Planning: 8 EasyWays To Put Your House In Order
https://amzn.to/2wKGi50
PODCAST:
https://itunes.apple.com/us/podcast/josh-scandlen-podcast/id1368065459?mt=2
http://heritagewealthplanning.com/category/podcasts/
LET'S SOCIALIZE!
Facebook: http://Facebook.com/heritagewealthplanning
Linkedin: https://www.linkedin.com/in/joshscandlen/
Quora: https://www.quora.com/profile/Josh-Scandlen
Google +: https://plus.google.com/u/1/108893802372783791910

If you're counting on Social Security to finance your retirement, you're in for a big surprise. Money expert Chris Hogan explains why.
Donate today to PragerU! http://l.prageru.com/2eB2p0h
Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup
Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips.
iPhone: http://l.prageru.com/2dlsnbG
Android: http://l.prageru.com/2dlsS5e
Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys
Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru
Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful.
VISIT PragerU! https://www.prageru.com
FOLLOW us!
Facebook: https://www.facebook.com/prageru
Twitter: https://twitter.com/prageru
Instagram: https://instagram.com/prageru/
PragerU is on Snapchat!
JOIN PragerFORCE!
For Students: http://l.prageru.com/29SgPaX
JOIN our Educators Network! http://l.prageru.com/2c8vsff
Script:
If you’re counting on Social Security to finance your retirement, you’re in for a big surprise—and not the good kind.
Let me give you two reasons why.
One: Social Security is going broke.
And, two: Even if it weren’t going broke, it couldn’t possibly cover the cost of a decent retirement.
Let’s look at these two reasons in a little more detail, and then I’ll propose a solution.
Social Security is going broke.
When this government program was set up in 1935, the average life expectancy was 60. But you couldn’t collect your first check until you reached 65. In other words, most people didn’t live long enough to receive Social Security. And most of those who did, didn’t collect it for very long. Today, the average lifespan is 79. So now, most people do live long enough to receive Social Security—for 10, or 20, or even 30 years.
Here’s another important piece of information: When the program started, the ratio between worker and retiree was 159 to 1. That means for every one person drawing benefits, 159 were paying in. Today the ratio is 2.8 to 1. Get that? We’ve gone from 159 workers supporting every retired person to fewer than three workers supporting every retiree. And it’s going down.
You don’t need an advanced math degree to figure this one out: Social Security is spending more than it’s bringing in. Far more. Its own Board of Trustees has said that it will be bankrupt within twenty years.
That doesn’t mean it won’t exist. It means that either the government will pay you less than it promised, or it will have to raise taxes to make up the shortfall. Most likely, both.
Sounds about right for an entitlement program, doesn’t it? Starts out small, but just keeps growing and growing until it collapses under its own weight.
But let’s indulge in a fantasy and say that Social Security is perfectly designed, perfectly balanced, and efficiently run. And that you would get every dollar you were promised.
You’d still have a major problem if that’s all that you’re relying on.
To illustrate, in 2017 the average monthly Social Security check was a little over $1,400. That’s under $17,000 a year—barely above the poverty line for a two-person household. Do you really want to live at the poverty line in retirement? Why in the world would you plan for that?
But sadly, many people are. According to a recent study, 53 percent of un-retired baby boomers have no retirement savings. That means they’re planning to rely on Social Security for their retirement income.
That’s them.
Don’t let it be you.
For the complete script, visit https://www.prageru.com/videos/social-security-wont-give-you-security

Child allowance and parental benefit

The parents of children up to age of 18, receive a child allowance, "barnbidrag" of 1,050 kr per child, with an additional supplement, "flerbarnstillägg", for multiple children ranging from 1500 kr for two children to 4,114 kr for six children. The parents also receive parental benefits, "föräldrapenning", to be able to be home from work to take care of their children for up to 480 days, and a temporary parental benefit to stay home and take care of a sick child. The levels depend on income. There is also a childcare allowance, "vårdbidrag" to enable parents to stay home and care for children with long-term illnesses.

Social Security is funded through payroll taxes called Federal Insurance Contributions Act tax (FICA) or Self Employed Contributions Act Tax (SECA). Tax deposits are collected by the Internal Revenue Service (IRS) and are formally entrusted to the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, the Federal Hospital Insurance Trust Fund, or the Federal Supplementary Medical Insurance Trust Fund which make up the Social Security Trust Funds. With a few exceptions, all salaried income, up to an amount specifically determined by law (see tax rate table below) has a FICA or SECA tax collected on it. All income over said amount is not taxed, for 2015 the maximum amount of taxable earnings is $118,500.

References

External links

Security (finance)

A security is a tradable financial asset. It is commonly used to mean any form of financial instrument, but the legal definition of a "security" varies by legal and regulatory jurisdiction. In some jurisdictions the term specifically excludes financial instruments other than equities and fixed income instruments. In some jurisdictions it includes some instruments that are close to equities and fixed income, e.g. equity warrants. In some countries and/or languages the term "security" is commonly used in day-to-day parlance to mean any form of financial instrument, even though the underlying legal and regulatory regime may not have such a broad definition.

In the United Kingdom, the national competent authority for financial markets regulation is the Financial Conduct Authority: the definition in its Handbook of the term "security" applies only to equities, debentures, alternative debentures, government and public securities, warrants, certificates representing certain securities, units, stakeholder pension schemes, personal pension schemes, rights to or interests in investments, and anything that may be admitted to the Official List.

Ruger Security-Six

The Ruger Security-Six and its variants, the Service-Six and Speed-Six are a product line of double-actionrevolvers introduced in 1972 and manufactured by Sturm, Ruger & Company. These revolvers were marketed to law enforcement duty issue, military, and civilian self-defense markets.

Development and history

The introduction of the Security-Six and its variants marked Sturm Ruger's first attempt to enter the double-action revolver market. The corporation's earlier designs had been Colt Peacemaker-style single-action revolvers. Ruger used investment casting for most parts in an effort to hold down production costs. As with all Ruger firearms, the Security-Six revolvers were robustly designed with large, heavy-duty parts for durability and to allow for investment casting. The "six series" line enjoyed sales success because of their basic features, solid construction, and competitive pricing.

Various models were issued by US government agencies as diverse as the former Immigration and Naturalization Service, the Postal Service, the Border Patrol, and numerous police agencies. The Security-Six and its derivatives also became the standard issue service weapons of a large number of police departments, in addition many were exported overseas. While Ruger's Security-Six line has been out of production since 1988, a total of over 1.5 million revolvers were produced and they remain well-liked and respected, as well as highly sought after in the second-hand market.

Reading (legislature)

A reading of a bill is a debate on the bill held before the general body of a legislature, as opposed to before a committee or other group. In the Westminster system, there are usually several readings of a bill among the stages it passes through before becoming law as an Act of Parliament. Some of these readings are usually formalities rather than substantive debates.

First reading

A first reading is when a bill is introduced to a legislature. Typically, in the United States, the title of the bill is read and immediately assigned to a committee. The bill is then considered by committee between the first and second readings. In the United States Senate and most British-influenced legislatures, the committee consideration occurs between second and third readings.

In Ireland, the first reading is referred to as "First Stage" and is leave to introduce a bill into a House of the Oireachtas. It may be taken in either house, but it does not need to be taken in both.

In New Zealand, once a bill passes first reading it is normally referred to a Select Committee. However, a Government can have a bill skip the select committee stage by a simple majority vote in Parliament.

Social Security Trustees Report 2018 (Part 1)

Social Security and Medicare are NOT going broke, my friends.
This doesn't mean there aren't issues to contend with but please, for the love of all that is good, do not fall into the trap that you shouldn't use Social Security in your planning.
Now, with that said, I will not be shocked in the least if you pay more in taxes for your benefits, or even worse, more taxes ON your benefits.
In fact, buried well in the Trustees report that say they say "An increasing fraction of all earnings will be subject to the higher tax rate over time because the thresholds are not indexed. By 2092, an estimated 79 percent of workers would pay the higher rate."
Hmmmm....a tax that is NOT indexed for inflation. Ever heard that before?
Of course you have! Social Security taxation of benefits.
So, prepare accordingly.
https://www.ssa.gov/oact/trsum/
=================================
GET ALL MY LATEST BLOGPOSTS:
https://heritagewealthplanning.com
If you like what you see, a thumbs up helps A LOT. It tells YouTube that people are engaged and so the Youtube algorithm will show the vide to others who may be interested in the content. So, give me a thumbs up, please!
Don't forget to SUBSCRIBE by clicking here: https://www.youtube.com/channel/UCSEzy4i9xrKPoaU9z0_XbmA?sub_confirmation=1
Contact me: Josh@heritagewealthplanning.com
GET MY BOOKS:
Both are FREE to Kindle UnlimitedSubscribers!
The Tax Bomb In Your Retirement Accounts: How The RothIRA Can Help You Avoid It
https://amzn.to/2LHwQpt
Strategic Money Planning: 8 EasyWays To Put Your House In Order
https://amzn.to/2wKGi50
PODCAST:
https://itunes.apple.com/us/podcast/josh-scandlen-podcast/id1368065459?mt=2
http://heritagewealthplanning.com/category/podcasts/
LET'S SOCIALIZE!
Facebook: http://Facebook.com/heritagewealthplanning
Linkedin: https://www.linkedin.com/in/joshscandlen/
Quora: https://www.quora.com/profile/Josh-Scandlen
Google +: https://plus.google.com/u/1/108893802372783791910

Security in Having a Pension - Bakari Ukuu, Trustee

5:43

Social Security Won't Give You Security

Social Security Won't Give You Security

Social Security Won't Give You Security

If you're counting on Social Security to finance your retirement, you're in for a big surprise. Money expert Chris Hogan explains why.
Donate today to PragerU! http://l.prageru.com/2eB2p0h
Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup
Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips.
iPhone: http://l.prageru.com/2dlsnbG
Android: http://l.prageru.com/2dlsS5e
Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys
Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru
Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful.
VISIT PragerU! https://www.prageru.com
FOLLOW us!
Facebook: https://www.facebook.com/prageru
Twitter: https://twitter.com/prageru
Instagram: https://instagram.com/prageru/
PragerU is on Snapchat!
JOIN PragerFORCE!
For Students: http://l.prageru.com/29SgPaX
JOIN our Educators Network! http://l.prageru.com/2c8vsff
Script:
If you’re counting on Social Security to finance your retirement, you’re in for a big surprise—and not the good kind.
Let me give you two reasons why.
One: Social Security is going broke.
And, two: Even if it weren’t going broke, it couldn’t possibly cover the cost of a decent retirement.
Let’s look at these two reasons in a little more detail, and then I’ll propose a solution.
Social Security is going broke.
When this government program was set up in 1935, the average life expectancy was 60. But you couldn’t collect your first check until you reached 65. In other words, most people didn’t live long enough to receive Social Security. And most of those who did, didn’t collect it for very long. Today, the average lifespan is 79. So now, most people do live long enough to receive Social Security—for 10, or 20, or even 30 years.
Here’s another important piece of information: When the program started, the ratio between worker and retiree was 159 to 1. That means for every one person drawing benefits, 159 were paying in. Today the ratio is 2.8 to 1. Get that? We’ve gone from 159 workers supporting every retired person to fewer than three workers supporting every retiree. And it’s going down.
You don’t need an advanced math degree to figure this one out: Social Security is spending more than it’s bringing in. Far more. Its own Board of Trustees has said that it will be bankrupt within twenty years.
That doesn’t mean it won’t exist. It means that either the government will pay you less than it promised, or it will have to raise taxes to make up the shortfall. Most likely, both.
Sounds about right for an entitlement program, doesn’t it? Starts out small, but just keeps growing and growing until it collapses under its own weight.
But let’s indulge in a fantasy and say that Social Security is perfectly designed, perfectly balanced, and efficiently run. And that you would get every dollar you were promised.
You’d still have a major problem if that’s all that you’re relying on.
To illustrate, in 2017 the average monthly Social Security check was a little over $1,400. That’s under $17,000 a year—barely above the poverty line for a two-person household. Do you really want to live at the poverty line in retirement? Why in the world would you plan for that?
But sadly, many people are. According to a recent study, 53 percent of un-retired baby boomers have no retirement savings. That means they’re planning to rely on Social Security for their retirement income.
That’s them.
Don’t let it be you.
For the complete script, visit https://www.prageru.com/videos/social-security-wont-give-you-security

Glass Door Shattering - CSU Board of Trustees - 11-16-11

This is a slow motion version of the glass door shattering during a student protest at the California State UniversityBoard of Trustees Meeting on November 16, 2011. It can clearly be seen that the actions of a plain clothes security person actually caused the damage, due to wedging a police baton against the glass.

9:07

Wells for India trustees visit 2016

Wells for India trustees visit 2016

Wells for India trustees visit 2016

Wells for India Trustees visit a number of villages in Rajasthan in February 2016 to see the progress that is being made. Wells for India has been working with local NGO partners in Rajasthan for nearly 30 years on water harvesting projects, and in that time has brought water security to over 1.3 million people. Visit www.wellsforindia.org to learn more.

What is a Trust Deed?

This video was created to help answer the question, "What is a Trust Deed"? A Trust Deed is a legal document used to pledge real property as collateral to secure a loan.

published: 23 Jan 2012

Christian Airport security trustees;"Gov.-Chris. Forum"

The "governmentChristianForum" was held on December 3rd 2018 at the Public SecurityMinistry and was chaired by its founder, Dr. Mordechai (Moti) Zaken.
The Forum was inaugurated in 2013, primarily to address
and promote concerns of the western (mainly non-native Christians, protestants and evangelicals) Christians in Israel as a groups vis-à-vis government agencies and ministries, and to empower of relationships between the government and representatives of Christian organizations, or in other words to improve the dialogue and enhance freedom of religion, as the
Land of Israel, the holy land.
This meeting was dedicated to the relations between the Christian organization and the security of the Airport Authorities, and it was agreed that each and every Christian organization should no...

published: 09 Dec 2018

Social Security Trustees Report 2018 (Part 1)

Social Security and Medicare are NOT going broke, my friends.
This doesn't mean there aren't issues to contend with but please, for the love of all that is good, do not fall into the trap that you shouldn't use Social Security in your planning.
Now, with that said, I will not be shocked in the least if you pay more in taxes for your benefits, or even worse, more taxes ON your benefits.
In fact, buried well in the Trustees report that say they say "An increasing fraction of all earnings will be subject to the higher tax rate over time because the thresholds are not indexed. By 2092, an estimated 79 percent of workers would pay the higher rate."
Hmmmm....a tax that is NOT indexed for inflation. Ever heard that before?
Of course you have! Social Security taxation of benefits.
So...

Security in Having a Pension - Bakari Ukuu, Trustee

published: 02 Aug 2017

Social Security Won't Give You Security

If you're counting on Social Security to finance your retirement, you're in for a big surprise. Money expert Chris Hogan explains why.
Donate today to PragerU! http://l.prageru.com/2eB2p0h
Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup
Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips.
iPhone: http://l.prageru.com/2dlsnbG
Android: http://l.prageru.com/2dlsS5e
Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys
Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mob...

Glass Door Shattering - CSU Board of Trustees - 11-16-11

This is a slow motion version of the glass door shattering during a student protest at the California State UniversityBoard of Trustees Meeting on November 16, 2011. It can clearly be seen that the actions of a plain clothes security person actually caused the damage, due to wedging a police baton against the glass.

published: 05 Dec 2011

Wells for India trustees visit 2016

Wells for India Trustees visit a number of villages in Rajasthan in February 2016 to see the progress that is being made. Wells for India has been working with local NGO partners in Rajasthan for nearly 30 years on water harvesting projects, and in that time has brought water security to over 1.3 million people. Visit www.wellsforindia.org to learn more.

Social Security Trustees Report 2018 (Part 1)

Social Security and Medicare are NOT going broke, my friends.
This doesn't mean there aren't issues to contend with but please, for the love of all that is g...

Social Security and Medicare are NOT going broke, my friends.
This doesn't mean there aren't issues to contend with but please, for the love of all that is good, do not fall into the trap that you shouldn't use Social Security in your planning.
Now, with that said, I will not be shocked in the least if you pay more in taxes for your benefits, or even worse, more taxes ON your benefits.
In fact, buried well in the Trustees report that say they say "An increasing fraction of all earnings will be subject to the higher tax rate over time because the thresholds are not indexed. By 2092, an estimated 79 percent of workers would pay the higher rate."
Hmmmm....a tax that is NOT indexed for inflation. Ever heard that before?
Of course you have! Social Security taxation of benefits.
So, prepare accordingly.
https://www.ssa.gov/oact/trsum/
=================================
GET ALL MY LATEST BLOGPOSTS:
https://heritagewealthplanning.com
If you like what you see, a thumbs up helps A LOT. It tells YouTube that people are engaged and so the Youtube algorithm will show the vide to others who may be interested in the content. So, give me a thumbs up, please!
Don't forget to SUBSCRIBE by clicking here: https://www.youtube.com/channel/UCSEzy4i9xrKPoaU9z0_XbmA?sub_confirmation=1
Contact me: Josh@heritagewealthplanning.com
GET MY BOOKS:
Both are FREE to Kindle UnlimitedSubscribers!
The Tax Bomb In Your Retirement Accounts: How The RothIRA Can Help You Avoid It
https://amzn.to/2LHwQpt
Strategic Money Planning: 8 EasyWays To Put Your House In Order
https://amzn.to/2wKGi50
PODCAST:
https://itunes.apple.com/us/podcast/josh-scandlen-podcast/id1368065459?mt=2
http://heritagewealthplanning.com/category/podcasts/
LET'S SOCIALIZE!
Facebook: http://Facebook.com/heritagewealthplanning
Linkedin: https://www.linkedin.com/in/joshscandlen/
Quora: https://www.quora.com/profile/Josh-Scandlen
Google +: https://plus.google.com/u/1/108893802372783791910

Social Security and Medicare are NOT going broke, my friends.
This doesn't mean there aren't issues to contend with but please, for the love of all that is good, do not fall into the trap that you shouldn't use Social Security in your planning.
Now, with that said, I will not be shocked in the least if you pay more in taxes for your benefits, or even worse, more taxes ON your benefits.
In fact, buried well in the Trustees report that say they say "An increasing fraction of all earnings will be subject to the higher tax rate over time because the thresholds are not indexed. By 2092, an estimated 79 percent of workers would pay the higher rate."
Hmmmm....a tax that is NOT indexed for inflation. Ever heard that before?
Of course you have! Social Security taxation of benefits.
So, prepare accordingly.
https://www.ssa.gov/oact/trsum/
=================================
GET ALL MY LATEST BLOGPOSTS:
https://heritagewealthplanning.com
If you like what you see, a thumbs up helps A LOT. It tells YouTube that people are engaged and so the Youtube algorithm will show the vide to others who may be interested in the content. So, give me a thumbs up, please!
Don't forget to SUBSCRIBE by clicking here: https://www.youtube.com/channel/UCSEzy4i9xrKPoaU9z0_XbmA?sub_confirmation=1
Contact me: Josh@heritagewealthplanning.com
GET MY BOOKS:
Both are FREE to Kindle UnlimitedSubscribers!
The Tax Bomb In Your Retirement Accounts: How The RothIRA Can Help You Avoid It
https://amzn.to/2LHwQpt
Strategic Money Planning: 8 EasyWays To Put Your House In Order
https://amzn.to/2wKGi50
PODCAST:
https://itunes.apple.com/us/podcast/josh-scandlen-podcast/id1368065459?mt=2
http://heritagewealthplanning.com/category/podcasts/
LET'S SOCIALIZE!
Facebook: http://Facebook.com/heritagewealthplanning
Linkedin: https://www.linkedin.com/in/joshscandlen/
Quora: https://www.quora.com/profile/Josh-Scandlen
Google +: https://plus.google.com/u/1/108893802372783791910

If you're counting on Social Security to finance your retirement, you're in for a big surprise. Money expert Chris Hogan explains why.
Donate today to PragerU! http://l.prageru.com/2eB2p0h
Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup
Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips.
iPhone: http://l.prageru.com/2dlsnbG
Android: http://l.prageru.com/2dlsS5e
Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys
Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru
Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful.
VISIT PragerU! https://www.prageru.com
FOLLOW us!
Facebook: https://www.facebook.com/prageru
Twitter: https://twitter.com/prageru
Instagram: https://instagram.com/prageru/
PragerU is on Snapchat!
JOIN PragerFORCE!
For Students: http://l.prageru.com/29SgPaX
JOIN our Educators Network! http://l.prageru.com/2c8vsff
Script:
If you’re counting on Social Security to finance your retirement, you’re in for a big surprise—and not the good kind.
Let me give you two reasons why.
One: Social Security is going broke.
And, two: Even if it weren’t going broke, it couldn’t possibly cover the cost of a decent retirement.
Let’s look at these two reasons in a little more detail, and then I’ll propose a solution.
Social Security is going broke.
When this government program was set up in 1935, the average life expectancy was 60. But you couldn’t collect your first check until you reached 65. In other words, most people didn’t live long enough to receive Social Security. And most of those who did, didn’t collect it for very long. Today, the average lifespan is 79. So now, most people do live long enough to receive Social Security—for 10, or 20, or even 30 years.
Here’s another important piece of information: When the program started, the ratio between worker and retiree was 159 to 1. That means for every one person drawing benefits, 159 were paying in. Today the ratio is 2.8 to 1. Get that? We’ve gone from 159 workers supporting every retired person to fewer than three workers supporting every retiree. And it’s going down.
You don’t need an advanced math degree to figure this one out: Social Security is spending more than it’s bringing in. Far more. Its own Board of Trustees has said that it will be bankrupt within twenty years.
That doesn’t mean it won’t exist. It means that either the government will pay you less than it promised, or it will have to raise taxes to make up the shortfall. Most likely, both.
Sounds about right for an entitlement program, doesn’t it? Starts out small, but just keeps growing and growing until it collapses under its own weight.
But let’s indulge in a fantasy and say that Social Security is perfectly designed, perfectly balanced, and efficiently run. And that you would get every dollar you were promised.
You’d still have a major problem if that’s all that you’re relying on.
To illustrate, in 2017 the average monthly Social Security check was a little over $1,400. That’s under $17,000 a year—barely above the poverty line for a two-person household. Do you really want to live at the poverty line in retirement? Why in the world would you plan for that?
But sadly, many people are. According to a recent study, 53 percent of un-retired baby boomers have no retirement savings. That means they’re planning to rely on Social Security for their retirement income.
That’s them.
Don’t let it be you.
For the complete script, visit https://www.prageru.com/videos/social-security-wont-give-you-security

If you're counting on Social Security to finance your retirement, you're in for a big surprise. Money expert Chris Hogan explains why.
Donate today to PragerU! http://l.prageru.com/2eB2p0h
Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup
Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips.
iPhone: http://l.prageru.com/2dlsnbG
Android: http://l.prageru.com/2dlsS5e
Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys
Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru
Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful.
VISIT PragerU! https://www.prageru.com
FOLLOW us!
Facebook: https://www.facebook.com/prageru
Twitter: https://twitter.com/prageru
Instagram: https://instagram.com/prageru/
PragerU is on Snapchat!
JOIN PragerFORCE!
For Students: http://l.prageru.com/29SgPaX
JOIN our Educators Network! http://l.prageru.com/2c8vsff
Script:
If you’re counting on Social Security to finance your retirement, you’re in for a big surprise—and not the good kind.
Let me give you two reasons why.
One: Social Security is going broke.
And, two: Even if it weren’t going broke, it couldn’t possibly cover the cost of a decent retirement.
Let’s look at these two reasons in a little more detail, and then I’ll propose a solution.
Social Security is going broke.
When this government program was set up in 1935, the average life expectancy was 60. But you couldn’t collect your first check until you reached 65. In other words, most people didn’t live long enough to receive Social Security. And most of those who did, didn’t collect it for very long. Today, the average lifespan is 79. So now, most people do live long enough to receive Social Security—for 10, or 20, or even 30 years.
Here’s another important piece of information: When the program started, the ratio between worker and retiree was 159 to 1. That means for every one person drawing benefits, 159 were paying in. Today the ratio is 2.8 to 1. Get that? We’ve gone from 159 workers supporting every retired person to fewer than three workers supporting every retiree. And it’s going down.
You don’t need an advanced math degree to figure this one out: Social Security is spending more than it’s bringing in. Far more. Its own Board of Trustees has said that it will be bankrupt within twenty years.
That doesn’t mean it won’t exist. It means that either the government will pay you less than it promised, or it will have to raise taxes to make up the shortfall. Most likely, both.
Sounds about right for an entitlement program, doesn’t it? Starts out small, but just keeps growing and growing until it collapses under its own weight.
But let’s indulge in a fantasy and say that Social Security is perfectly designed, perfectly balanced, and efficiently run. And that you would get every dollar you were promised.
You’d still have a major problem if that’s all that you’re relying on.
To illustrate, in 2017 the average monthly Social Security check was a little over $1,400. That’s under $17,000 a year—barely above the poverty line for a two-person household. Do you really want to live at the poverty line in retirement? Why in the world would you plan for that?
But sadly, many people are. According to a recent study, 53 percent of un-retired baby boomers have no retirement savings. That means they’re planning to rely on Social Security for their retirement income.
That’s them.
Don’t let it be you.
For the complete script, visit https://www.prageru.com/videos/social-security-wont-give-you-security

This is a slow motion version of the glass door shattering during a student protest at the California State UniversityBoard of Trustees Meeting on November 16, 2011. It can clearly be seen that the actions of a plain clothes security person actually caused the damage, due to wedging a police baton against the glass.

This is a slow motion version of the glass door shattering during a student protest at the California State UniversityBoard of Trustees Meeting on November 16, 2011. It can clearly be seen that the actions of a plain clothes security person actually caused the damage, due to wedging a police baton against the glass.

Wells for India Trustees visit a number of villages in Rajasthan in February 2016 to see the progress that is being made. Wells for India has been working with local NGO partners in Rajasthan for nearly 30 years on water harvesting projects, and in that time has brought water security to over 1.3 million people. Visit www.wellsforindia.org to learn more.

Wells for India Trustees visit a number of villages in Rajasthan in February 2016 to see the progress that is being made. Wells for India has been working with local NGO partners in Rajasthan for nearly 30 years on water harvesting projects, and in that time has brought water security to over 1.3 million people. Visit www.wellsforindia.org to learn more.

Social Security Trustees Report 2018 (Part 1)

Social Security and Medicare are NOT going broke, my friends.
This doesn't mean there aren't issues to contend with but please, for the love of all that is good, do not fall into the trap that you shouldn't use Social Security in your planning.
Now, with that said, I will not be shocked in the least if you pay more in taxes for your benefits, or even worse, more taxes ON your benefits.
In fact, buried well in the Trustees report that say they say "An increasing fraction of all earnings will be subject to the higher tax rate over time because the thresholds are not indexed. By 2092, an estimated 79 percent of workers would pay the higher rate."
Hmmmm....a tax that is NOT indexed for inflation. Ever heard that before?
Of course you have! Social Security taxation of benefits.
So, prepare accordingly.
https://www.ssa.gov/oact/trsum/
=================================
GET ALL MY LATEST BLOGPOSTS:
https://heritagewealthplanning.com
If you like what you see, a thumbs up helps A LOT. It tells YouTube that people are engaged and so the Youtube algorithm will show the vide to others who may be interested in the content. So, give me a thumbs up, please!
Don't forget to SUBSCRIBE by clicking here: https://www.youtube.com/channel/UCSEzy4i9xrKPoaU9z0_XbmA?sub_confirmation=1
Contact me: Josh@heritagewealthplanning.com
GET MY BOOKS:
Both are FREE to Kindle UnlimitedSubscribers!
The Tax Bomb In Your Retirement Accounts: How The RothIRA Can Help You Avoid It
https://amzn.to/2LHwQpt
Strategic Money Planning: 8 EasyWays To Put Your House In Order
https://amzn.to/2wKGi50
PODCAST:
https://itunes.apple.com/us/podcast/josh-scandlen-podcast/id1368065459?mt=2
http://heritagewealthplanning.com/category/podcasts/
LET'S SOCIALIZE!
Facebook: http://Facebook.com/heritagewealthplanning
Linkedin: https://www.linkedin.com/in/joshscandlen/
Quora: https://www.quora.com/profile/Josh-Scandlen
Google +: https://plus.google.com/u/1/108893802372783791910

Social Security Won't Give You Security

If you're counting on Social Security to finance your retirement, you're in for a big surprise. Money expert Chris Hogan explains why.
Donate today to PragerU! http://l.prageru.com/2eB2p0h
Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup
Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips.
iPhone: http://l.prageru.com/2dlsnbG
Android: http://l.prageru.com/2dlsS5e
Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys
Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru
Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful.
VISIT PragerU! https://www.prageru.com
FOLLOW us!
Facebook: https://www.facebook.com/prageru
Twitter: https://twitter.com/prageru
Instagram: https://instagram.com/prageru/
PragerU is on Snapchat!
JOIN PragerFORCE!
For Students: http://l.prageru.com/29SgPaX
JOIN our Educators Network! http://l.prageru.com/2c8vsff
Script:
If you’re counting on Social Security to finance your retirement, you’re in for a big surprise—and not the good kind.
Let me give you two reasons why.
One: Social Security is going broke.
And, two: Even if it weren’t going broke, it couldn’t possibly cover the cost of a decent retirement.
Let’s look at these two reasons in a little more detail, and then I’ll propose a solution.
Social Security is going broke.
When this government program was set up in 1935, the average life expectancy was 60. But you couldn’t collect your first check until you reached 65. In other words, most people didn’t live long enough to receive Social Security. And most of those who did, didn’t collect it for very long. Today, the average lifespan is 79. So now, most people do live long enough to receive Social Security—for 10, or 20, or even 30 years.
Here’s another important piece of information: When the program started, the ratio between worker and retiree was 159 to 1. That means for every one person drawing benefits, 159 were paying in. Today the ratio is 2.8 to 1. Get that? We’ve gone from 159 workers supporting every retired person to fewer than three workers supporting every retiree. And it’s going down.
You don’t need an advanced math degree to figure this one out: Social Security is spending more than it’s bringing in. Far more. Its own Board of Trustees has said that it will be bankrupt within twenty years.
That doesn’t mean it won’t exist. It means that either the government will pay you less than it promised, or it will have to raise taxes to make up the shortfall. Most likely, both.
Sounds about right for an entitlement program, doesn’t it? Starts out small, but just keeps growing and growing until it collapses under its own weight.
But let’s indulge in a fantasy and say that Social Security is perfectly designed, perfectly balanced, and efficiently run. And that you would get every dollar you were promised.
You’d still have a major problem if that’s all that you’re relying on.
To illustrate, in 2017 the average monthly Social Security check was a little over $1,400. That’s under $17,000 a year—barely above the poverty line for a two-person household. Do you really want to live at the poverty line in retirement? Why in the world would you plan for that?
But sadly, many people are. According to a recent study, 53 percent of un-retired baby boomers have no retirement savings. That means they’re planning to rely on Social Security for their retirement income.
That’s them.
Don’t let it be you.
For the complete script, visit https://www.prageru.com/videos/social-security-wont-give-you-security

Glass Door Shattering - CSU Board of Trustees - 11-16-11

This is a slow motion version of the glass door shattering during a student protest at the California State UniversityBoard of Trustees Meeting on November 16, 2011. It can clearly be seen that the actions of a plain clothes security person actually caused the damage, due to wedging a police baton against the glass.

Wells for India trustees visit 2016

Wells for India Trustees visit a number of villages in Rajasthan in February 2016 to see the progress that is being made. Wells for India has been working with local NGO partners in Rajasthan for nearly 30 years on water harvesting projects, and in that time has brought water security to over 1.3 million people. Visit www.wellsforindia.org to learn more.

SUBSTITUTED TRUSTEE’S NOTICE OF SALE... I will only convey such title as is vested in me as SubstituteTrustee ... Substitute Trustee ... TRUSTEE’S ... Danette Corder, as Trustee for John Richard Investments, LLP, Beneficiary, the property therein described, to secure the promissory note therein referred to, and ... DANETTE CORDER ROLAND, Trustee....

The amount secured by the trustee was initially pegged at approximately $624 million and has decreased since the first creditors meeting under the Civil Rehabilitation Proceedings on September 26, 2018. Now secured, the current amount will be , safeguarding it from bankruptcy proceedings....

Glass Door Shattering - CSU Board of Trustees - 11...

Wells for India trustees visit 2016...

Latest News for: Security trustees

SUBSTITUTED TRUSTEE’S NOTICE OF SALE... I will only convey such title as is vested in me as SubstituteTrustee ... Substitute Trustee ... TRUSTEE’S ... Danette Corder, as Trustee for John Richard Investments, LLP, Beneficiary, the property therein described, to secure the promissory note therein referred to, and ... DANETTE CORDER ROLAND, Trustee....

The amount secured by the trustee was initially pegged at approximately $624 million and has decreased since the first creditors meeting under the Civil Rehabilitation Proceedings on September 26, 2018. Now secured, the current amount will be , safeguarding it from bankruptcy proceedings....

"I think it provides them great comfort to know that all levels of government are working closely to make this event as secure as possible." ... Social Security and Medicare trustees estimate that the cost of Bush's prescription drug plan will top $8 trillion by 2075 -- more than twice the projected shortfall in Social Security....

The UK is the fifth-largest economy in the world and so of course it can choose to provide excellent public services and a generous social security safety net if it wants to ...Kate Pickett receives research funding from NIHR, MRC, ESRC, Lottery Fund and the GlobalFoodSecurity programme....

A Debate on Social Security with Paul Krugman vs ... &nbsp; Today we host a debate on Social Security ... He devoted a large portion of that to his push to restructure Social Security ... He basically just reiterated what is in the annual Social Securitytrustee's report, and that is in 2018, the outflow of benefit payments starts to exceed taxes....

The AMAC said in a statement last year that custodian banks should “faithfully fulfill their obligations as co-trustees” of the funds in accordance with the Securities Investment Fund Law and the relevant contracts if private fund managers were unable to carry out their normal duties....

In a non-judicial foreclosure state such as California, foreclosure is done by a trustee without a court hearing, so the procedure is a bit trickier; but standing to foreclose can still be challenged.&nbsp; If the homeowner has filed for bankruptcy, the proceedings are ......

NOTICE OF SUBSTITUTE TRUSTEE’S SALE... This property is being sold with the express reservation that it is subject to confirmation by the lender or SubstituteTrustee ... Coker, Trustee, by Deed of Trust of record at 200711210041501 in the Knox CountyRegister’s Office, to secure certain debts and obligations as are described in said Deed of Trust; and....

He is also on the board of trustees of the ArmenianInstitute of International and Security Affairs (AIISA), an alleged think-tank that&nbsp;is directly funded by the US NED. His position on the board of trustees is revealed in an AIISA bulletin titled, “AIISA’s ThirdEvening DemSchool....

American financiers hate Social Security, for example, because they want to push us toward private retirement accounts on which they can charge fees ... According to the trustees of the Social Security trust fund there might&nbsp;be a shortfall in revenues against predicted claims in 2033 if economic growth is not good....